Press Release – COVID-19: Impact on European Corporate Access. 76% of investors no longer attending conferences

March 13, 2020 – Investor conferences are experiencing significant falls in attendance according to a survey of European Institutional Investors conducted by Phoenix-IR, a specialist Corporate Access provider. As many as 76% of investors are no longer attending conferences.

However, although more and more people are working from home or locked down in their offices, it’s interesting to note that at least half the investment community is still engaged in physically meeting with corporate management teams.

60% of investors are still hosting one-on-one meetings in their offices. But only 49% are venturing outside to attend group breakfast / lunch presentations. Almost three quarters said they are no longer participating in reverse roadshows, with 54% of firms suspending international travel.

In terms of how investors wished to communicate with companies, investors remain quite “low tech” when it comes to their preferred method of talking to companies when direct contact is curtailed. Two thirds prefer telephone conf calls and only one third like video conf calls, partly due to the perceived technical and logistical barriers to setting these up.

In response to travel / face-to-face meeting restrictions, Phoenix-IR is hosting virtual roadshows for its clients.  In spite of the furore caused by COVID-19, investors still need to hear from corporates.

80 European-based investors managing approximately $2.5 trillion AuM responded to the survey, which was carried out over two days March 11 and 12.  They represent investors in the UK, Switzerland, Netherlands, Germany, France, Denmark, Austria, Spain, Ireland, Portugal and Poland.

Phoenix-IR is an independent European-based investor relations consulting firm specialized in helping listed companies communicate with institutional shareholders and potential shareholders throughout the U.K. and continental Europe. Phoenix-IR owns and operates www.CorporateAccessNetwork.com

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